Cost of Owning a House vs Apartment

What is the cost of owning a house vs an apartment

SUMMARY: 

Did you know that the cost to run an apartment as opposed to the cost of running a house is much less? It costs a significant amount more to run a house vs an apartment. Not just in what you have to pay to purchase but because of the time and money you spend maintaining a house. For example, when owning apartments all you have to do is pay the Body Corporate fees and your utilities.

Body Corporate fees are a really efficient way of having to do very little because if you think about it, how many hours would you spend a year looking after your home? At an hourly rate, what would that be? Would you not much rather be enjoying yourself? Having more time with friends and family.

I think people really need to realise that a Body Corporate fee is actually a positive rather than a negative, because it takes out so many other costs that are associated with owning a home and having a garden and added maintenance.

TRANSCRIPTION:

Did you know that the cost to run an apartment as to the cost to run a house is much, much less. It costs so much more to run a house vs apartment. Not just in what you have to pay but because of the timing you spend maintaining a house. For example, owning apartments and all you have to do is to pay the body corporate fees. You would also pay the power and water as well as to make sure that’s  tidy inside of your apartment.

Now when you think about a house. I have to take the rubbish out on a particular day. Now, that used to do my head in and I always forget. Also, I need to sweep the driveway. My dad always made me do that. Cleaning out the gutters and it is just endless stuff. Mowing the lawn and doing the garden. Making sure the house is clean and painting the house every 10 or so years. I also need to take care of the roof and plumbing.

What people do not realize is that they think that the body corporate fee is the a cost for owning an apartment. It is actually a really efficient way of you having to do nothing because if you think about it, how many hours would you spend a year looking after your home? At an hourly rate, what would that be? Would you not much rather be enjoying yourself? Free time with friends and family and all that kind of thing.

Not only does an apartment save a lot of time in traffic because of location, but also so much in maintenance. I think people really need to realise that a body corporate fee is actually a positive rather than a negative, because it takes out so many costs. There is less accounting and so much less stuff to do.

Anyway, I hope that helps you just have a little bit of a different perception on body corporate fees and I hope that helps. Anyway, if you have any questions, andrew@apartmentspecialists.co.nz.

Cheers.

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